full-timing and credit rating

hitchup wrote:
We keep our Credit Rating high, by using Reward CCs. Hate to carry too much cash for monthly RV Parks and 50gals of fuel at fill-ups. Plus we get Cash Back monthly.

We get our cash backs in the form of gift cards for Starbucks and Panera Bread.

Barb

We keep our Credit Rating high, by using Reward CCs. Hate to carry too much cash for monthly RV Parks and 50gals of fuel at fill-ups. Plus we get Cash Back monthly.

Thanks for some excellent replies!

Have been full timing for 5 years and score has not dropped below 813.

Deprived why are you concern about your credit rating unless you want to borrow money? Pay in cash once you no longer have debt. Enjoy your adventure.

We have also put a credit freeze on both of our SSN's with all three credit rating agencies. Haven't taken out a loan in the past 15 years and God willing will never take out another.

"" What affect, if any, has full-timing had on your credit rating? ""

Selling my house & Going fulltime had zero effect on my credit rating. my fico was 820 before going fulltime and is still 820 8 yrs later.

"" We paid off our mortage well before selling the house. Not having a mortage dropped our rating about 20 points, from 820 to 800. ""

Just another example of how credit ratings are unique to each individual. Each time I paid off a mortgage (with a long gap until the next), my credit rating went up, four different times over the years. Now that I haven't had a mortgage in 15 yrs, my credit rating rarely changes from 820.

beemerphile1 wrote:
Selling a house and going full time should not adversely affect your credit.

A good place to check and monitor your credit for free;
https://www.creditkarma.com/
You can play with different hypothetical changes and see the effect on your score.

The site for federally mandated free credit reports (does not include FICO score);
https://www.annualcreditreport.com/index.action

I recommend that everyone should place a credit freeze on your account at each of the three reporting agencies. At most it will cost you $30 depending on state of residence. It is the only way to be guaranteed to prevent id theft and can easily be thawed at any time. Monitoring services are a waste of money and not worth having even if free. For info; http://www.clarkhoward.com/credit-freeze-and-thaw-guide

X2 on the freeze. I did it years ago. Nobody can open any kind of account in your name if the credit check fails. It doesn't matter how much info they have. It cuts down on the junk mail credit offers too.

Selling a house and going full time should not adversely affect your credit.

A good place to check and monitor your credit for free;
https://www.creditkarma.com/
You can play with different hypothetical changes and see the effect on your score.

The site for federally mandated free credit reports (does not include FICO score);
https://www.annualcreditreport.com/index.action

I recommend that everyone should place a credit freeze on your account at each of the three reporting agencies. At most it will cost you $30 depending on state of residence. It is the only way to be guaranteed to prevent id theft and can easily be thawed at any time. Monitoring services are a waste of money and not worth having even if free. For info; http://www.clarkhoward.com/credit-freeze-and-thaw-guide

Selling the house is the same as paying off the house. Credit rating agencies only have debt information, not asset information. We paid off our mortage well before selling the house. Not having a mortage dropped our rating about 20 points, from 820 to 800. Not significant. Selling the house had no impact since we didn't have a mortage.